The economic pain that we are witnessing right now is far greater than anything that we witnessed during the last recession. U.S. GDP declined by 32.9 percent on an annualized basis last quarter, more than 100,000 businesses have permanently shut down since the COVID-19 pandemic first hit the United States, and more than 54 million Americans have filed new claims for unemployment benefits over the last 19 weeks. Up until just recently, a $600 weekly unemployment “supplement” and a federal moratorium that prevented many evictions had helped to ease the suffering for millions of American families, but both of those measures have now expired. As a result, a tremendous amount of economic pain which had previously been deferred will now come rushing back with a vengeance. Millions of American families are no longer going to be able to pay their bills, and experts are warning that we could soon see an “eviction crisis” that is absolutely unprecedented in American history. (Read More...)
Employment
If You Admit That You Are A Trump Supporter, It May Cost You Your Job
Many liberals that are still extremely bitter about the outcome of the election are taking out their frustrations on Trump supporters all over the country. And in some cases, employees are actually being “reassigned”, fired or asked to leave their jobs if they openly admit their support for President Trump. This kind of political discrimination is not supposed to be happening in our workplaces, but it is happening. Many leftists that are in positions of authority around the nation are using that authority to punish people that voted for Donald Trump. So if you voted for Trump and your boss didn’t, you might want to keep your political views to yourself at your workplace if you want to keep your job. (Read More...)
America’s Colleges Have Become Political Correctness Indoctrination Centers
Most parents assume that when they send their kids to college that they will receive training which will prepare them for a lifetime of employment. Sadly, the truth is that very little time is actually spent imparting practical skills to students at most of America’s colleges. Instead, an extraordinary amount of classroom time is spent telling students what they should think and what they should believe. At this point, most institutions of “higher learning” in this country have been transformed into political correctness indoctrination centers. There is a reason why college towns have a reputation for being extremely liberal. The truth is that they are bastions for “progressive” thought. Each and every day, millions of young adults all across America are literally being systematically brainwashed. In case you are wondering, I know what I am talking about. I spent eight years getting three degrees at public universities. And it doesn’t even really matter what area of the country you attend school. The “education” that students are receiving at schools in very liberal states is virtually the same as the “education” that students are receiving at schools in very conservative states. Our young adults represent the future of this nation, and they are receiving a level of indoctrination that is so comprehensive that it would make Joseph Goebbels proud. (Read More...)
The Number One Thing That Women Are Looking For In A Husband
Is it looks? Is it a charming personality? Is it compatibility? No, it isn’t any of those things. According to a Pew Research Center study that was just released on Wednesday, “a steady job” is the number one thing that women are looking for in a husband. And considering the fact that the labor force participation rate for men has been falling for decades, it should be no surprise that the marriage rate has been declining as well. In fact, as I wrote about the other day, the marriage rate in the U.S. is at a 93 year low and single Americans make up more than half the population for the first time ever. This is a very disturbing trend, but it is not likely to change any time soon. In fact, our economic problems are probably only going to get worse from here. So as the pool of “eligible bachelors” continues to shrink, what are women going to do? (Read More...)
10 Shocking Quotes About What QE3 Is Going To Do To America
Ready or not, QE3 is here, and the long-term effects of this reckless money printing by the Federal Reserve are going to be absolutely nightmarish. The Federal Reserve is hoping that buying $40 billion worth of mortgage-backed securities per month will spur more lending and more economic activity. But that didn’t happen with either QE1 or QE2. Both times the banks just sat on most of the extra money. As I pointed out the other day, U.S. banks are already sitting on $1.6 trillion in excess reserves. So will pumping them up with more cash suddenly make them decide to start lending? Of course not. In addition, QE3 is not likely to produce many additional jobs. As I showed in a previous article, the employment level did not jump up as a result of either QE1 or QE2. So why will this time be different? But what did happen under both QE1 and QE2 is that a lot of the money ended up pumping up the financial markets. So once again we should see stock prices go up (at least in the short-term) and commodities such as gold, silver, food and oil should also rise. But that also means that average American families will be paying more for the basic necessities that they buy on a regular basis. The most dangerous aspect of QE3, however, is what it is going to do to the U.S. dollar. Most of the rest of the world uses the U.S. dollar to conduct international trade, and by choosing to recklessly print money Ben Bernanke is severely damaging international confidence in our currency. If at some point the rest of the world rejects the dollar and no longer wants to use it as a reserve currency we are going to be facing a crisis unlike anything we have ever seen before. The real debate about QE3 should not be about whether or not it will help the economy a little bit in the short-term. Rather, everyone should be talking about the long-term implications and about how QE3 is going to accelerate the destruction of the dollar. (Read More...)
25 Horrible Statistics About The U.S. Economy That Barack Obama Does Not Want You To Know
The human capacity for self-delusion truly is remarkable. Most people out there end up believing exactly what they want to believe even when the truth is staring them right in the face. Take the U.S. economy for example. Barack Obama wants to believe that his policies have worked and that the U.S. economy is improving. So that is what he is telling the American people. The mainstream media wants to believe that Barack Obama is a good president and that his policies make sense and so they are reporting that we are experiencing an economic recovery. A very large segment of the U.S. population still fully supports Barack Obama and they want to believe that the economy is getting better so they are buying the propaganda that the mainstream media is feeding them. But is the U.S. economy really improving? The truth is that it is not. The rate of employment among working age Americans is exactly where it was two years ago and household incomes have actually gone down while Obama has been president. Home ownership levels and home prices continue to decline. Meanwhile, food and gasoline continue to become even more expensive. The percentage of Americans that are dependent on the government is at an all-time record high and the U.S. national debt has risen by more than 5 trillion dollars under Obama. We simply have not seen the type of economic recovery that we have seen after every other economic recession since World War II. (Read More...)
25 Hard Questions That You Will Not See Asked On CNN, MSNBC Or Fox News
There is a reason why so many millions of people are turning to the alternative media for their news today. The truth is that there are a whole lot of important things that the mainstream media will simply not talk about. There are a whole lot of other important issues that the mainstream media will tease their viewers with but then subsequently “whitewash” with the “official story” that none of us is supposed to question. Have you ever noticed how CNN, MSNBC, Fox News, ABC, NBC and CBS all seem to come up with the exact same version of “the truth”? But over the past several years we have seen a great awakening take place. Millions of Americans are sick and tired of being spoon-fed establishment propaganda like a bunch of small children and they are searching on the Internet for alternative media outlets that are asking the hard questions and that are willing to at least explore answers that are not part of “the officially sanctioned” version of the truth. (Read More...)